Published on 5/16/2017 in the Prospect News Emerging Markets Daily.
New Issue: Kazakhstan sells KZT 32.17 billion more 9.6% four-year treasury bonds
By Marisa Wong
Morgantown, W.Va., May 16 – The Kazakhstan Finance Ministry said it sold KZT 32.17 billion of additional 9.6% four-year treasury bonds (Meokam-48, 50th issue) at a special trading session held on Monday.
The ministry placed an initial KZT 21 billion of the mid-term treasury bonds on April 3, an additional KZT 19.81 billion on April 17 and another KZT 28.5 billion on May 2.
The latest bonds were sold at a “clean” price of 100.6187, corresponding to a yield of 9.4%.
The amount of orders accepted at Monday’s session represents 153.2% of the issuer’s planned issuance of KZT 21 billion of bonds.
| Issuer: | Kazakhstan Finance Ministry
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| Issue: | Mid-term treasury bonds (Meokam-48, 50th issue), add-on
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| Amount: | KZT 32,171,400,000
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| Maturity: | April 3, 2021
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| Coupon: | 9.6%
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| Price: | 100.6187
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| Yield: | 9.4%
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| Auction date: | May 15
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| Settlement date: | May 15
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